Black Point Wealth Management Sells 1,500 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Black Point Wealth Management trimmed its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,500 shares of the exchange traded fund’s stock after selling 1,500 shares during the period. Black Point Wealth Management’s holdings in Sprott Physical Silver Trust were worth $131,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parsons Capital Management Inc. RI lifted its holdings in Sprott Physical Silver Trust by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock worth $3,465,000 after buying an additional 1,000 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 4.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 21,994 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 1,008 shares during the period. Rockport Wealth LLC boosted its position in shares of Sprott Physical Silver Trust by 2.0% during the second quarter. Rockport Wealth LLC now owns 78,975 shares of the exchange traded fund’s stock valued at $784,000 after purchasing an additional 1,525 shares in the last quarter. Synergy Asset Management LLC grew its stake in Sprott Physical Silver Trust by 18.6% in the second quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock worth $129,000 after purchasing an additional 2,035 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Sprott Physical Silver Trust by 0.5% in the first quarter. Janney Montgomery Scott LLC now owns 571,687 shares of the exchange traded fund’s stock worth $4,739,000 after purchasing an additional 2,562 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock traded up $0.58 on Friday, hitting $11.29. 17,179,372 shares of the stock traded hands, compared to its average volume of 4,450,063. The business’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $9.97. Sprott Physical Silver Trust has a 1 year low of $7.40 and a 1 year high of $11.33.

About Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion.